Benchmarking

Benchmarking guidance:

There is little point in collecting data on a firm's financial performance if that data is not used to improve its performance. A firm’s fee income, fee-earning capacity...

Precedents

There is little point in collecting data on a firm's financial performance if that data is not used to improve its performance. A firm’s fee income, fee-earning capacity...

Precedents

This Practice Note provides information about different ways of measuring financial performance in a law firm. It also provides guidance on how to analyse and benchmark...

Practice Note

Date of calculations: [insert date of calculations] Current ratio FormulaCalculationResultResult from previous month/year% movement Current assets ÷ Current liabilities...

Precedents

Cash and profitability ratio calculations— Current ratio FormulaCalculationResultResult from previous month/year% movement Current assets ÷ Current liabilities764,400 ÷...

Precedents

This Practice Note provides information about how to read and understand the financial accounts of a law firm. Why are financial accounts important? Law firms need to...

Practice Note

Raw data capture sheet for financial calculations DataSource of dataFigure£ Current assetsBalance sheet764,000 Current liabilitiesBalance sheet534,200 Work in progress...

Precedents

Raw data required DataFigure Total number of full-time fee earners Total number of part-time fee earners Total number of days per week worked by part-time fee earners...

Precedents
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